Digging Out The Ancient Times By An Underwater City In Egypt
Archaeologists have discovered the 2,200-year-old wreck of an ancient Egyptian ship that sank after being struck with giant blocks.
The so-called galley, along with a burial ground, were discovered beneath the Mediterranean Sea...
Fujairah Oil Stocks Drop 2-month Low As Diesel Exports Multiply
Middle distillates stocks fell 21% on week.
Light distillates only category to rise on year.
July LSFO sales saw steady up 10% on month.
The oil product inventory at the UAE’s Port of Fujairah...
Ocean Carriers Still Profit Amid Dropping Shipments
Port congestion and other network disruptions mean ocean carriers now need more ships to transport the same amount of cargo than they did pre-pandemic.
However, despite the significant extra costs of the additional...
Oil Demand Recovery: Supply Outlook Favorable For Clean Tankers
oil demand to resurge in winter, supporting freight
aging fleet, scrapping uptick improves supply outlook
For oil demand recovery supply outlook is favorable for clean tankers says an article on SP Global.
Supply favorable for clean...
Shattering Merchant Navy & Shimmering Non-Native Shippers
A nation’s merchant navy is a strategic asset, second in importance only to its ‘fighting navy’.
It needs to be protected from high taxes and discriminatory norms.
A strong and diverse indigenous shipping fleet...
Hyundai Develops Floating Foundation for Offshore Wind Turbines
Hyundai heavy industries develop a floating foundation for 10 MW wind turbines
HHI signed a Memorandum of Understanding (MOU) with KR and KRISO
Hyundai Heavy Industries (HHI) develops a semi-submersible floating foundation for 10 MW-class wind turbines says an article...
MPA Sets Up $120m ‘Decarbonization Centre’ To Curb Marine Emissions
GCMD aims to collaborate with the industry to help the maritime sector reduce greenhouse gas (GHG) emissions.
31 expressions of interest received to partner the centre to advance maritime decarbonisation solutions.
Key leadership...
Container Market To Remain Unfazed For Months, Predicts BIFA
British International Freight Association (BIFA) says that it foresees rates remaining at extraordinarily high levels, possibly increasing.
The capacity remains extremely tight; ongoing service delays and container shortages, as well as punitive surcharges.
Commenting...
DSIC Delivers Largest Newcastlemax Bulker
Bohai Shipbuilding Heavy Industry of DSIC held a christening ceremony for BERGE BOBOTOV
the 210,000DWT bulk carrier No.23 is the final product of the series
DSIC delivered a 210,000 DWT bulk carrier built for...
Schottel To Deliver Propulsion Package for 5 Low-emission Tugs
Schottel has received an order from Sanmar Shipyards in Turkey for propulsion packages for two LNG-fuelled escort tugs, as well as in three battery-powered harbour tugs.
The vessels have been ordered by Canadian...